Georgia is called a debtors colony because it was created for debtors. In England, there were debtors clogging up the prisons. So people in debt where sent to Georgia to work off their debt. People were unable to pay off their debt and that is why Georgia came about. They took debtors out of the prisons and gave them a second chance. It worked and that is where debtors went.
A debtors controller collects a banks debts. These jobs require a person to prepare and submit monthly statements to customers.
James Ogelthorpe
Georgia
Well, honey, Georgia was called a debtors colony because it was established as a place where debtors from England could start fresh and repay their debts by working off their balances. James Oglethorpe, the founder, wanted to provide a second chance for those who were struggling financially. So, basically, it was like a "get out of debt free" card for those who needed a clean slate.
The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.
Debtors in England were sent to debtors prison.
Debtors in England were sent to debtors prison.
what are the advantages of debtors?
sundry means "various". Sundry debtors means various debtors which not only include credit sales, but also include all other debtors(related to financial and other debt). So Trade debtors was part of sundry debtors. ok
what are the classifications of debtors? what is the meaning of debtor exceeding 6 months & debtors for the year? how to calculate this?
why debtors and creditors are called as sundry? Debtors = In general business terminology means Customers to whom the goods are sold on credit. Sundry = Various Therefore Sundry Debtors means Debtors for various reasons and not merely for Credit Sales.
Debtors are aged to find out that who has not paid for longer time and which debtors need more focus efforts to realize money and which debtors are still in credit policy limit.
Debtors Anonymous was created in 1971.
Debtors are those customers who purchases goods from company on credit so debtors are current assets of business.
No entry for opening debtors these are just transferred from previous period to current period.
decrease with a credit